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Online Microlender Kiva Pilots U.S. Small Business Program

By Anna Johnson on June 24th, 2009

Microlending facilitator, Kiva, which allows people to lend small amounts of money to entrepreneurs in third world countries, will pilot a program aimed at enabling loans to small businesses in the United States.

The pilot program will begin with 45 U.S. businesses in New York and California, ranging from baked goods delivery services, to child care services, to taxi drivers.

Kiva will be assisted by two field partners in both states – ACCION USA, a non-profit microfinance institute, and Opportunity Fund, a community development fund that works in California.

Source: Steven Walling, “Kiva Now Allows You to Invest in US Small Businesses,” ReadWriteWeb, June 10, 2009

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This entry was posted on Wednesday, June 24th, 2009 at 4:00 pm and is filed under Ecommerce, News and Comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Online Microlender Kiva Pilots U.S. Small Business Program”

  1. David Aston Says:
    June 25th, 2009 at 6:51 am

    Microlending has become very popular in India where it was founded.
    It have produced many success stories. Hopefully, it will have the
    same success here as it has had abroad.

  2. Anna Johnson Says:
    June 25th, 2009 at 7:27 am

    Thanks for your comment David! Microlending is a great concept that should theoretically apply anywhere. We’re also proud lenders to Kiva.org :)

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